Plexus (LON:POS) Shares Pass Above 50 Day Moving Average of $2.56

Plexus Holdings plc (LON:POS – Get Rating) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 2.56 ($0.03) and traded as high as GBX 3.85 ($0.05). Plexus shares last traded at GBX 3.65 ($0.04), with a volume of 51,088 shares.

Plexus Stock Performance

The company has a market capitalization of £3.67 million, a P/E ratio of -52.14 and a beta of 1.28. The company has a debt-to-equity ratio of 32.46, a current ratio of 1.68 and a quick ratio of 1.12. The stock’s 50 day simple moving average is GBX 2.56 and its two-hundred day simple moving average is GBX 2.32.

About Plexus

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Plexus Holdings plc, together with its subsidiaries, provides equipment and services for the oil and gas industry in the United Kingdom, rest of Europe, and internationally. The company principally markets POS-GRIP technology, a patented friction grip method of engineering for oil and gas field wellheads, connectors, and metal-to-metal sealings, which includes squeezing one tubular member against another in the elastic range to effect gripping and sealing.